Canadian housing off to rousing start for 2010
August 15, 2011 | 11:34 am CDT
OTTAWA, ON — The seasonally adjusted annual rate of Canadian housing starts reached 186,300 units in January 2010. This is an increase from an annual rate of 176,100 units in December 2009, according to Canada Mortgage and Housing Corp.

According to final figures, actual housing starts for 2009 totaled 149,081 units, with activity improving as the year progressed. “Housing starts improved in both the singles and multiples segments in January,” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre. “These increases are similar to the ones that occurred in December.”

The seasonally adjusted annual rate of urban starts increased by 4.4% to 165,200 units in January. Urban multiple starts increased by 5.7% to 76,300 units while single urban starts increased by 3.3% to 88,900 units.

Read more.

Have something to say? Share your thoughts with us in the comments below.